merger

Kobo bought by Japan’s Rakuten for $315 million

Kobo bought by Japan’s Rakuten for $315 million

The Kobo e-reader, which currently competes with Amazon's Kindle and the Barnes & Noble Nook, may be getting a boost soon with new backing from Japan's version of Amazon, a large e-commerce operator called Rakuten. The Japanese company is purchasing Kobo for $315 million and intends to rapidly grow its user base around the world.

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AT&T delays closing date for T-Mobile acquisition

AT&T delays closing date for T-Mobile acquisition

AT&T's bid to purchase T-Mobile for $39 billion has been facing plenty of regulatory anti-trust scrutiny and now the target closing date for the acquisition has been pushed further back. Originally expected to complete by the first quarter of 2012, the merger is now estimated to complete sometime in the first half of next year, adding another 3 months to the time table.

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AT&T will likely have to pay billions to T-Mobile parent if purchase deal falls through

AT&T will likely have to pay billions to T-Mobile parent if purchase deal falls through

Earlier this week I mentioned a report that was making the rounds claiming if the T-Mobile purchase by AT&T fell through due to regulatory objections or concessions that proved too costly AT&T might not have to pay the billions in breakup fees. Today T-Mobile parent company Deutsche Telekom is saying that is incorrect. Apparently the breakup fee, or at least part of it will still be due.

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AT&T may not have to pay the $6 billion fee if T-Mobile purchase falls through

AT&T may not have to pay the $6 billion fee if T-Mobile purchase falls through

AT&T is still hoping that the purchase of T-Mobile USA that it wants to make will go through. The US government sued recently to block the merger. However, the deal could still go through if AT&T can come up with a plan that will satisfy regulators that the purchase would not create a monopoly or harm competition in the mobile industry. According to reports talks are being held with regulators, T-Mobile and AT&T. One of the things that AT&T had to be worried about was the breakup fee if the deal didn’t go through of roughly $6 billion it would have to pay Deutsche Telekom, the parent company of T-Mobile.

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